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  #1  
Old 7th October 2008, 08:41 PM
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Question Trading Mutual Funds using Online Trading Platform



Hello friends,

I am new to the markets and am considering trading an index fund, specifically one that tracks the SENSEX. My primary reason for this is that, to start with, I believe that it'd be easier for me to keep on top of the movement of the index and the factors influencing it, than it'd be for me to watch and analyze individual stocks. I would have just picked an index fund and traded it through the fund manager's website, but I would also like the ability to short sell units of the fund, and this, as I understand, would not be possible through a fund manager. Are there online trading platforms/brokers that allow trading of mutual fund units and also short selling of the same? If so, could someone enlist a few for me? If such brokers don't exist would anyone have suggestions as to how I can proceed given my objectives?

Thank you in advance for your help.

Varun
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  #2  
Old 7th October 2008, 09:48 PM
Sachin Asher
 
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How much capital you want to start with?

In my opinion, it would be better if you trade in Nifty futures or Mini-Nifty futures.

That would be much more cost-effective than trading in an index fund.
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Old 9th October 2008, 04:14 PM
Neo Neo is offline
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Hi,

i am a beginner into this society of traders.
i am not much aware of the understanding of the stocks.

does anyone provide the online MF account so that i can trade on that.
i feel trading MF is better than the Stocks.

please suggest me.

Neo
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  #4  
Old 9th October 2008, 08:28 PM
Sachin Asher
 
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Quote:
Originally Posted by Neo View Post
Hi,

i am a beginner into this society of traders.
i am not much aware of the understanding of the stocks.

does anyone provide the online MF account so that i can trade on that.
i feel trading MF is better than the Stocks.

please suggest me.

Neo
Brokers like ICICIDirect.com and HDFCSec.com provide online platform for investing in mutual funds.

What exactly do you mean by "trade"?

You will buy and sell mutual funds units every few days?
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